Diamyd Medical is approaching a critical time. The Swedish company’s vaccine aimed at slowing the progress of type 1 diabetes begins reporting phase III trial results in late spring, which will help determine whether partner Johnson & Johnson wants to follow through on its option to develop and commericialise the therapy.Positive results will likely result in a milestone payment to Diamyd and persuade J&J to pick up the remaining development costs for the eponymous immunotherapy product (Diamyd continues winning streak with J&J deal, June 23, 2010). Expectations for the vaccine have been building since the company reported promising follow-up data on its phase II trials 18 months ago, suggesting the vaccine may represent a significant breakthrough in the treatment of the autoimmune form of diabetes.
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